Finland’s long-running Tivoli carnival is facing closure after a prolonged financial slump that has deepened since the Covid pandemic. Yle News reported that the travelling attraction, which has been operating for 138 years, is now under serious pressure after another year of losses.

The company’s troubles have stretched across several seasons, and 2026 will mark the seventh consecutive year it has reported a loss. That makes the situation especially significant for one of Finland’s best-known travelling entertainment traditions, which has survived for more than a century but is now struggling to stay viable.

What happens next remains unclear, but the latest figures underline how difficult it has become for legacy leisure businesses to recover fully from the pandemic-era shock. For Tivoli, the question is no longer just about one weak season, but whether the carnival can continue at all.